Wheat export inspections remain steady

Weekly export inspections for week ended Sept. 29 reported wheat inspections notably above expectations, while corn and beans were as expected. Soybean inspections are currently running 3.2% behind a year ago.

Export ship
Export ship

USDA’s Weekly Grain Export Inspections

Week Ended Sep. 29, 2022

Corn

Actual (MT)

661,658

Expectations (MT)

400,000-700,000

Comments

Export inspections are up 112,050 MT from last week’s tally. Inspections are running 3.9% ahead of a year-ago, compared to 17.4% last week. USDA projects exports in 2022-23 at 2.375 billion bu., 3.1% below the previous marketing year.

Wheat

Actual (MT)

667,577

Expectations (MT)

250,000-650,000

Comments

Export inspections are up 78,370 MT from the previous week’s figure. Shipments are running 2.7% behind year-ago, compared with 4.4% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year.

Soybeans

Actual (MT)

575,220

Expectations (MT)

250,000-700,000

Comments

Export inspections are up 283,807MT from last week’s tally. Inspections are running 3.2% behind a year ago, compared to 15.5% ahead last week. USDA’s 2022-23 export forecast of 2.155 billion bu. is 0.2% below 2021-22.